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The Gap Sets Out Digital-First Strategy

PYMNTS

The Nike retailing model has shown itself again as The Gap announced Thursday that it will close underperforming stores, focus on the digital-first economy and exit its mall locations. As Macy’s CFO Felicia Williams told a retail conference in September: “Our intention is to change the composition of our store base.

Strategy 150
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Grocery Tracker: Food Markets’ Lag In Online Presence

PYMNTS

Grocery retailer Winn-Dixie opened a second location of its next-gen, upscale store concept in Tampa, Florida, in the beginning of November. Elsewhere, a new tax is set to be levied on sugary beverages sold in restaurants and supermarkets in five more U.S. Chicago residents will also see a one-cent-per-ounce tax.

Online 100
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Retail Chains Find New Ways To Fight

PYMNTS

It’s a good time to be a retail chain. Retail Ascent. Retail is on the ascent. In July, retail sales increased 0.5 Economists had only forecasted retail sales going up 0.1 percent, online and mail-order retail sales increased 0.8 Retailer Woes. Yeah, really. percent, and grew 6.4

Retail 100
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CRE risk management: Navigating hazards and opportunities

Abrigo

“The point is this: There’s a lot of these surveys, and when you read them, they are New York City, San Francisco, Chicago. Retail and multi-family CRE opportunities Similarly, retail CRE has been painted as too risky because of online sellers’ growth. They’re not your hometown. The impact is not consistent.”

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Online 98
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Food Stamps Online: The $75B Grocery Game-Changer?

PYMNTS

Low-income consumers are far more likely to find it difficult to secure mainstream credit sources and are thus much more likely to make use of high-cost alternative credit sources when financial emergencies hit, often in the form of a payday, title, tax refund anticipation or installment loan. SNAP online . It doesn’t stop there.

Online 100
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National Restaurant Association Framework Aims To Close Gap Between Restaurants And Aggregators

PYMNTS

Amid the commission caps, and amid the pandemic’s tailwind that has spurred a great digital shift toward food delivery through online channels – might eateries and aggregators be partnering to navigate a post-COVID future? That roster includes Washington State, New Jersey, Chicago and New York City. With data sharing, to boot.

National 160